Recently, I've seen a lot of people talking about LSTs and re-staking. To be honest, the returns aren't just falling from the sky: some are just the "interest" from basic staking, and a lot of it actually comes from you lending out the same safety net again, relying on others to pay you a risk premium. I can roughly understand where the money comes from, but the source of risk is more obvious: smart contracts, node/intermediate layer issues, de-pegging events, and liquidity crunches that make it impossible to sell. Plus, with the recent staking unlocks and token unlock schedules being discussed daily, the selling pressure and anxiety push the discount on LSTs to be more easily amplified. Anyway, I’m not rushing in yet; tonight I’ll first revoke any unnecessary authorizations in my wallet.

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